Minneapolis-St. Paul, Minn., September 17, 2018 – Calyxt, Inc. (NASDAQ: CLXT) announced today that Christopher J. Neugent, Executive Vice President of Strategy of Post Holdings, Inc. (NYSE: POST), joined its board of directors.
Mr. Neugent has nearly three decades of experience in the consumer packaged goods and food industries, including as President and CEO of Post Consumer Brands and as Chairman and CEO of MOM Brands, which was purchased by Post Holdings in 2015.
“Mr. Neugent’s industry expertise and executive leadership will be invaluable to Calyxt during a pivotal time in our growth as we are heading to our first commercial launch of a product to market, our high oleic soybean oil” said Dr. André Choulika, Chairman of Calyxt’s Board of Directors. “Chris’ extensive and varied board experience with Welch Foods, Second Harvest Heartland, University of Minnesota’s Carlson School of Management and Enactus, along with his strategic vision and deep insight into consumer brands, will be a huge asset as we accelerate in the development of our product pipeline and engage in new and innovative research and development to bring healthier food to consumers.”
“The future of food production is contingent upon developing foods that are cost-effective and nutritionally rich for consumers, and at the same time sustainable and environmentally friendly,” added Mr. Neugent. “I wholeheartedly believe that Calyxt’s work as a leader in bringing healthier food choices to market will be critical in paving a path forward for the industry, and I look forward to contributing my experience to the Company’s board.”
Mr. Neugent, 57, has served as the Executive Vice President of Strategy for Post Holdings, Inc. since July 2018. Prior thereto, he served as President and CEO, Post Consumer Brands, from November 2015 until July 2018. Previously, Mr. Neugent served as the President and Chief Executive Officer of MOM Brands Company since May 2015, when Post acquired MOM Brands Company. From 2001 until the acquisition, Mr. Neugent served in various roles at MOM Brands Company, most recently as Chairman and CEO. Mr. Neugent has served on the Board of Directors of Welch Foods Inc. since February 2016. He holds a Bachelor of Arts degree in economics from Princeton University and completed the Advanced Management Program at the Wharton School of Business.